StorX Network price

SRX

#833

StorX is an open-source, trustless, censorship-resistant decentralized cloud storage network powered by XinFin Network. StorX empowers users to store their data securely on the distributed cloud. A user's unique password encrypts each file uploaded on StorX and then splits into fragments to be stored on numerous autonomous storage nodes operated by individual operators worldwide. Every file on StorX is encrypted, fragmented, and distributed across multiple nodes, so no entities, including StorX, can ever access a user’s complete data. This unique distributed architecture also prevents data from being hacked or prone to ransomware attacks. StorX is faster and up to 70% - 90% cheaper than traditional cloud storage.

Features of StorX:

Greater Security: StorX is based on XinFin’s blockchain platform and inherits its advanced security features, including immutability and consensus. Additionally, it features end-to-end encryption, and as data stored on the network is split into encrypted fragments among storage nodes, individual hosts/operators will never be able to access or manipulate the data.

100% Anonymity and Privacy: StorX encrypts and shreds your data into tiny fragments and distributes it across a decentralized network. The hosts store a fragmented copy of your file on their node and have no way of knowing the content of your files or its owner, and only you hold the decryption keys that can assemble and retrieve your encrypted files.

Value for Money: There is great competition among host nodes competing to store data, ensuring fair prices to every user. With a vast pool of nodes to choose from, the amount of storage available becomes significantly higher, reducing the cost to store data. StorX offers superior features compared to centralized cloud storage services and provides the best value for money at a fraction of the cost.

Faster Speeds: Due to the decentralized architecture of StorX, encrypted copies of your data are stored across multiple regions, ensuring faster retrieval speeds.

Highly Redundant: StorX stores redundant data fragments of files on multiple storage nodes worldwide. It eliminates any single point of failure as your data exists on multiple nodes and offers high uptime that competes with the uptime offered by centralized cloud storage services.

Reliability: The duplication of data across multiple storage nodes in various geographical regions protects from incidents such as outages, system failures, or any hacks and malware attacks that could compromise data servers.

Open-Source: StorX utilizes open-source software for its platform to ensure complete transparency. Open standards are used and supported as much as possible, and users are not locked into proprietary formats. You can import and export anything.

Community Development: StorX offers its users a growing list of the latest features developed by a growing number of community contributors, including leading software engineers.

Environmentally Friendly: A decentralized network utilizes the available spare storage instead of building large data centers that consume a lot of energy to store data. This makes StorX more environmentally friendly than centralized cloud storage solutions.

StorX aims to leverage the world’s surplus data storage to create a platform ready to disrupt the $100 billion cloud storage industry with a more secure, private, and faster solution while being environmentally friendly at a fraction of the cost of centralized cloud storage services. It provides an alternative to those who want to break free from the monotony of centralized cloud service providers and their exploitative market practices and offers a solution that is built by the community for the community.

StorX Network and the DePIN Industry: StorX Network exemplifies the potential of decentralized storage using the SRX token. This token plays a crucial role in the ecosystem for payments, rewarding users, and decision-making within the network. StorX Network's robust encryption and data-sharding techniques ensure absolute data privacy and security. Features like end-to-end encryption allow users to retain full control and ownership of their data, mitigating risks associated with centralized data storage.

StorX Network has experienced remarkable growth since its inception, becoming a leading decentralized storage platform with over 117,000 users and more than 4,000 node operators. Its adaptability to emerging trends such as DePIN and the recent launch of its B2 testnet highlight StorX Network's commitment to innovation. The B2 testnet introduces features such as an intuitive dashboard interface, Vaults for personalized storage, a Passphrase Secret Key for enhanced data security, and global file-sharing capabilities.

As StorX Network moves towards the mainnet, its innovative approach to decentralized cloud computing will continue to set new standards. The convergence of DePIN and StorX Network heralds a new era of decentralized infrastructure and services, empowering individuals and enterprises to harness the potential of cloud computing securely and affordably.